Inventory Control Audits are a method of monitoring and evaluating the effectiveness of an organization’s inventory control system. The audit looks at the accuracy of an organization’s inventory records, including items received, stored, or shipped. It also evaluates the security measures put in place to protect inventory from theft or damage. By conducting an inventory control audit, an organization can identify weaknesses in their inventory processes and develop strategies to improve efficiency and accuracy. An effective Inventory Control Audit helps organizations track inventory levels and manage costs more effectively.